A quick look across airline stocks shows a slew of paltry yields. Delta Air Lines, Inc. (NYSE: DAL) with a trailing 12-month dividend yield of a meager 1.2 percent looks good compared to rivals such as American Airlines Group Inc (NASDAQ: AAL) and Southwest Airlines Co (NYSE: LUV), neither of which yields more than one percent.
While airline equities and the U.S. Global Jets ETF (NYSE: JETS) do not appear to be predictable destinations for income investors, that could be starting to change as airlines are generating stout profits and parting with more of their cash in the form of shareholder rewards.
Delta, the largest U.S. carrier by market capitalization, “hiked its quarterly payout last year by 50 percent, to 13.5 cents, and it’s anticipated to follow a similar course this year. Credit Suisse forecasts the company ...
/www.benzinga.com/trading-ideas/long-ideas/16/01/6150069/an-industry-etf-with-surprising-dividend-growth-potential alt=An Industry ETF With Surprising Dividend Growth Potential>Full story available on Benzinga.com
More...